The 2014 Case-Shiller Report: What Does It Mean?
By James Lowenstern, Castles Unlimited. Newton MA Real Estate
(Castles Unlimited®)
This week, S&P/Case-Shiller released its monthly housing data report, the leading measure of home prices across the nation. Immediately, reporters posted dozens of stories about January’s numbers–with oddly contradictory headlines. “US home prices rise in January: S&P/Case-Shiller”, Reuters proclaimed. “Home prices decline for third month in January,” the Wall Street Journal‘s MarketWatch blog wrote. “Case-Shiller sees housing market cooling ever so slightly,” the Los Angeles Times proclaimed. Which is it? Well, depending which numbers you look at, the answer is both–and all three. The S&P/Case-Shiller Home Price Indices track home prices across the nation, looking at the data a number of ways. Conflicting headlines come from whether the reporter is using non-seasonally adjusted numbers...
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